The Bank of Greece reported that in May 2026 the weighted average interest rate on new deposits rose to 0.35% from 0.32%, while the corresponding rate on new loans fell to 4.65% from 4.77%. That reduced the spread between new deposit and loan rates to 4.30 percentage points. For outstanding amounts, the average deposit rate increased to 0.34%, the average loan rate was broadly unchanged at 4.63%, and the spread was little changed at 4.29 percentage points. Within new business, household overnight deposit rates were unchanged at 0.03% and non-financial corporations' overnight deposit rates were nearly unchanged at 0.10%, while rates on term deposits of up to one year for non-financial corporations rose to 1.93%. On the lending side, the main downward moves were in consumer loans with a defined maturity at a floating rate, which fell to 10.75%, and new corporate loans with a defined maturity at a floating rate, which fell to 4.20%, including 4.43% for small and medium-sized enterprises. Housing loans at a floating rate were almost unchanged at 3.50%, while for outstanding loans the rate on consumer and other loans to individuals and private non-profit institutions increased to 8.40% and rates on housing and corporate loans were broadly stable.
Bank of Greece2026-07-03
Bank of Greece reports higher deposit rates and lower new loan rates in May, narrowing the spread to 4.30 percentage points
The Bank of Greece said May 2026 deposit rates edged up while new loan rates declined, narrowing the spread on new business to 4.30 percentage points. The weighted average rate on new deposits rose to 0.35% and the rate on new loans fell to 4.65%. Rates on outstanding deposits increased to 0.34%, while outstanding loan rates were broadly unchanged at 4.63%.